Spokane Valley at a glance
- Population: a Census-estimated 108,235, placing it 8th among Washington's 281 places (Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 102,983 (US Census Bureau).
- 2020 to 2023 change: an increase of about 5.1% since the 2020 count (US Census Bureau).
- Rank among Washington places: 8th by size among 281 communities (US Census Bureau).
- Size percentile: roughly 97% of places in Washington rank below it by population (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 47.6634, -117.2328.
- Nearest larger cities: Spokane, WA (9 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller communities: Millwood, WA (3 mi); Liberty Lake, WA (6 mi); State Line, ID (10 mi) (Census populations).
What a personal loan costs in Spokane Valley
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Because interest accrues for longer, a longer term means a lower installment and a higher total cost — decide which matters more to you.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
Washington lending rules that apply in Spokane Valley
Each row below is a Washington rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Consumer Loan Company license required (Consumer Loan Act, RCW 31.04.035) Source says: No person may engage in any activity subject to this chapter without first obtaining and maintaining a license in accordance with this chapter. | Washington State Legislature (RCW) as of 2026-09-16 |
| State lending regulator | Washington State Department of Financial Institutions (DFI) Source says: DFI licenses and regulates financial institutions and service providers in Washington. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum, or four points above the Federal Reserve bill rate, whichever is higher (RCW 19.52.020) Source says: any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum | Washington State Legislature (RCW) as of 2026-09-16 |
| Payday lending status | Licensed; small loans capped at $700 or 30% of monthly income, max 45 days, fees 15% on first $500 and 10% above (RCW 31.45) Source says: Payday lenders must be licensed by DFI — including online lenders that do business with Washington residents. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
How to compare offers in Spokane Valley
The steps below are worth completing first when you borrow in Spokane Valley:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Washington using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.